SunTrust Offering $500 Credit on Closing Costs

""SunTrust Mortgage, Inc."":https://www.suntrust.com/PersonalBanking, announced it will now offer a $500 credit toward lender closing costs for clients who qualify for a new mortgage or refinance provided through the company.

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The offer runs through the end of September and is available through all SunTrust Bank branches and the SunTrust Mortgage Service Center. The credit applies to traditional first-lien mortgages originated during that period by SunTrust, including purchase, refinance, and Home Affordable Refinance Program (HARP) loans, but excluding Simple Home Refi loans and home equity lines of credit, correspondent, and broker loans. Loans must close within 180 days of the application date.

""We understand that home ownership can be an important element of a family's overall financial well-being,"" said SunTrust Mortgage president Jerome Lienhard. ""As the housing market continues to improve, we're seeing an increased demand in home purchase financing, as well as continuing demand for refinancing in the ongoing relatively low-rate environment. This offer makes it easier for clients to benefit from attractive rates with reduced closing costs.""